General Insurance

General Insurance is a type of insurance that covers financial losses arising from unexpected events other than death. It provides compensation for damages or losses to assets like homes, vehicles, health, and businesses. Common types of general insurance include motor insurance, health insurance, travel insurance, home insurance, and commercial insurance.

The main purpose of general insurance is to protect individuals and organizations from financial hardship caused by accidents, theft, natural disasters, or other unforeseen risks. Premiums are paid to the insurer, who, in turn, promises to cover specific losses as per the policy terms.

By spreading risk across a wide base of policyholders, general insurance helps promote stability, confidence, and financial security in society.